MAGC FOUNDATION
GLENWOOD,
Iowa,
51534
EIN: 47-0816746
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
22102 GOODE AVE
51534
COUNTY
mills county, IA
IN CARE OF NAME
GLENN M SKALLERUP
ORGANIZATIONAL OVERVIEW & RANKINGS
MAGC FOUNDATION is a based in GLENWOOD, IA, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Corporate Foundations. Established in February 1999, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $75,001.00, this ranks 529,569 among 2,656,690 nonprofits nationally (Top 20%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 7,052 out of 40,025 organizations in IA (Top 18%).
In mills county, IA, the organization ranks 21 out of 136 nonprofits by assets (Top 11%), while locally in glenwood, it stands at 18 among 79 organizations (Top 18%).
The organization reported no revenue in the most recent filing period, placing it at 1,837,546 nationally and 30,590 in IA.
Within its specific NTEE classification (T21 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 3,349 similar organizations, MAGC FOUNDATION ranks 2,005 in assets (Top 60%) and 2,438 in revenue (Top 73%).
The organization files a 990 - Not required to file(all other) and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T21: Corporate Foundations
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
1: $1 to $9,999
INCOME AMOUNT
$3,753.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
02/1999
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$75,001.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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